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Viasat, UAE's Space42 commit up to $1 billion to satellite connectivity venture
Source: reuters.com
Technology & InnovationPrivate Markets & VentureTransportation & Logistics
Viasat and UAE-based Space42 agreed to establish Equatys, a direct-to-device satellite connectivity platform, with up to $1 billion of committed equity. The venture targets satellite links for smartphones and other devices, representing a sizable investment in the expanding satellite communications market.
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